Barclays Share Discussion Threads

[gcom2] 13/5/2015 09:32

Yep...edited

[reimomo] 13/5/2015 09:32

Unfortunately I think you mean 290...

[gcom2] 13/5/2015 09:30

Next move up to 290p looks likely imo

[portside1] 13/5/2015 07:56

how can a line be drawn with the crooks still at the bank
action must be taken . if a tiller steals money from your account
how can they sack him with bigger crooks in the bank .
and Jenkins is one of the crooks fact dishonest and a liar

[neilrich] 12/5/2015 22:21

Personally I don't believe that BARC's lawyers have anything up their sleeves, I think it's a done deal, they know exactly how much they're to be fined, it's a case of damage limitation. Has something been leaked to the media, £2billion being talked about, hopefully we shall be able to draw a line before the end of the week.

[mbmiah] 12/5/2015 21:59

I'm not sure why Barclays didn't settle before - surely there is a valid reason to curb the 30% discount. 30% is a lot to pass off. I believe the Barclays lawyers have something up their sleeves, I don't know what though.

[smurfy2001] 12/5/2015 16:32

Port,
Money waiting on the sides for a cheeky trade. Hoping for 20p down or something ;)

[portside1] 12/5/2015 15:46

it appears we will get the news on fines thursday

[portside1] 12/5/2015 15:24

Barclays braced for £2bn fine for rigging foreign currency rates, with Royal Bank of Scotland also set for hefty penalty

Read more:

dr I have been saying for 4 years when are the criminals in barcs going to be sacked and money clawed back
starting with the likes of diamond and the other directors who have turned out to be crooks .
it seems they can commit murder and get away with it
Jenkins was apart of the criminal gang at the bank and still milking the company
all bonuses at the bank should be stopped and no more bonuses paid out till the money as been saved and holders rewarded

[neilrich] 12/5/2015 13:23

It's not just about the fine, provision or not, it's all the negative publicity that shall surround BARC, that's what shall impact upon the share price in the short term.

[smurfy2001] 12/5/2015 12:46

Hmmm i'm resisting buying until the news of the fines is out (apparently this week).

[cmillar] 12/5/2015 10:30

Agree with your view on this davew28.

[dr biotech] 12/5/2015 10:29

Like many on here, if Barclays is to plead guilty I'd also like to see the individuals who were guilty convicted, and those that oversaw them sacked. Perhaps many have already resigned or moved on, but it seems that the shareholders are the only ones getting punished.

[davew28] 11/5/2015 20:37

neilrich,
Surely (I know there is no such things when it comes to markets!) this is dependant on the size of the fine and if it is already provisioned which I thought was the reason for the increase in the Q1 release. Personally I was expecting an uplift in the share price (subject to no unprovisioned extra) due to the clearing of a major litigation issue. Markets, who can predict them eh but whatever it's another uncertainty cleared. Wonder how much of this is due to Mac?
Dave

[bigman786] 11/5/2015 20:37

Or, it'll be announced on the same day as visa inc announce an offer for visa Europe !! The price will not know what to do with itself then :-/

[neilrich] 11/5/2015 20:02

Although one could argue that the FOREX rigging has been priced in through recent provision, I'm braced for significant negative impact upon the share price once the news breaks and it makes the headlines.

It's a real shame that the news could not have been announced last Friday, when all the media cared about was the General Election, it might have gone unnoticed.

[waldron] 11/5/2015 19:03

JPM, Barclays, other banks likely to plead guilty over forex -sources
NEW YORK | By Karen Freifeld

May 10 The parent companies or main banking units of as many as five major banks are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter said.

A handful of banks will likely resolve forex-rigging investigations by the U.S. Justice Department as soon as this week: JPMorgan Chase & Co Citigroup, British banks Royal Bank of Scotland and Barclays and Swiss bank UBS.

It would be unprecedented for parent companies or main banking units, rather than smaller subsidiaries, of so many major banks, to plead guilty to criminal charges in a coordinated action, the people said.

Peter Carr, a spokesman for the U.S. Justice Department, declined comment. Spokespeople for Citi, JPMorgan, RBS, UBS, and Barclays all declined to comment. (Reporting By Karen Freifeld, Additional reporting by Sarah Lynch and Soyoung Kim in Washington, Editing by Soyoung Kim and David Gregorio)

[portside1] 11/5/2015 08:50

the info I had a few days ago about barc to settle fine of 2.3b was correct

[diku] 11/5/2015 08:37

It just struggles above 260p....

[portside1] 11/5/2015 08:33

it looks like time to add

[portside1] 11/5/2015 08:18

when the fine is done and dusted the share price will go up over 60p

[keifer derrin] 11/5/2015 07:52

more of the same

[johnwise] 11/5/2015 07:46

Barclays and Royal Bank of Scotland hit with penalties worth nearly £3bn for rigging foreign exchange markets


UK and US regulators will force four institutions – Barclays, RBS, Citi and JP Morgan – to plead guilty to manipulating currency rates.

The British banks alone will have to pay a little under £3bn for their role in the scandal.

It will come as another blow to the industry’s already shattered reputation following a string of misconduct charges in the wake of the financial crisis.